U-M economist and director of the surveys Richard Curtin discusses the “depressed optimism” regarding consumer confidence for the month of September. This “relapse” was due to the coronavirus’ Delta variant, an upsurge in inflation, and an unfavorable economic perspective. Curtin highlights that consumers’ have become much more concerned about slower wage growth as well as rising inflation, negatively impacting living standards. The faculty expert notes evaluations for buying conditions for homes, vehicles, and household durables, and what it means for consumer spending.
